Fisker stock price forecast remains defensive

Fisker stock price forecast remains defensive, analysts pointing to cash burn rates as a primary driver. Institutional ownership declines may keep stock pressed below $0.70 unless fresh funding is announced. Ultimately, 2024 is set up to be a bumpy year for EV start-ups, including Lucid. Much anticipation rides on the company's upcoming Gravity launch, and the demand for that vehicle will heavily influence how investors feel about the company's ability to reach its long-term vision as a big-time EV player in the industry. In recent Fisker stock news, the company said the Ocean series was expected to debut at a minimum price of $37,499 for the Ocean Sport, rising to $49,999 for the Ocean Ultra and $68,999 for the Ocean One. Long-horizon Fisker stock price forecast assigns a probability range with 40% chance of trading above $1.05 by year-end if operational milestones in manufacturing are met.